Efecto en la calidad de la información ante cambios en la normativa contable: caso aplicado al sector real mexicano

• Héctor Horacio Garza Sánchez ^[1] ; Klender Aimer Cortez Alejandro ^[1] ; Berenice Méndez Sáenz ^[1] ; Martha del Pilar Rodríguez García ^[1]
  1. [1] Universidad Autónoma de Nuevo León

     Universidad Autónoma de Nuevo León

     México

     
• Localización: Contaduría y administración, ISSN 0186-1042, ISSN-e 2448-8410, Vol. 62, Nº. 3, 2017, págs. 746-760
• Idioma: español
• DOI: 10.1016/j.cya.2015.11.012
• Títulos paralelos:
  • Effect of information quality due accounting regulatory changes: Applied case to Mexican real sector
• Enlaces
  • Texto completo (pdf)
• Dialnet Métricas: 14 Citas
• Resumen
  • español

    El objetivo de este trabajo es analizar si los cambios en las normativas contables mejoran la relevancia valorativa de la información financiera en empresas cotizadas en México. La investigación se realizó para el periodo de 2000 a 2013 utilizando una muestra de 141 empresas que reportan a la bolsa mexicana de valores utilizando la metodología de datos panel. Nuestros hallazgos muestran que los cambios de normativa locales (principios contables generalmente aceptados) a normativas homologadas internacionalmente (normas de información financiera y normas internacionales de información financiera) aumentan la relevancia valorativa y, por consiguiente, la calidad de la información. Este estudio muestra que la información contable elaborada mediante las normas internacionales de información financiera es más confiable para los inversionistas extranjeros y nacionales.

  • English

    The purpose of this paper is to examine whether changes in accounting standards improve value relevance of financial information on listed companies in Mexico. The research was conducted for the period 2000-2013 using a sample of 141 companies that report to the Mexican stock exchange using the methodology of panel data. Our findings show that changes in local regulations (generally accepted accounting principles) to internationally approved standards (financial reporting standards and international financial reporting standards) increase the value relevance and therefore the quality of information. The study shows that the accounting information with international financial reporting standards is more trustworthy for foreign and national investors.

• Referencias bibliográficas
  • Ahmed, A. S., Neel, M. J. y Wang, D. D. (2013). Does mandatory adoption of IFRS improve accounting quality? Preliminary evidence. Contemporary...
  • Aggarwal, R., Klapper, L. y Wysocki, P. P. (2005). Portfolio preferences of foreign institutional investors. Journal of Banking & Finance,...
  • Agostino, M., Drago, D. y Silipo, D. (2011). The value relevance of IFRS in the European banking industry. Review of Quantitative Finance...
  • Armstrong, C., Barth, M. y Riedl, E. (2010). Market reaction to the adoption of IFRS in Europe. The Accounting Review, 85, 31–61. http://dx.doi.org/10.2308/accr.2010.85.1.31
  • Ball, R. (2006). International Financial Reporting Standards(IFRS): Pros and consfor investors. Accounting and Bussines Research, 36, 5–27....
  • Ball, R., Robin, A. y Wu, J. S. (2003). Incentives versus standards: properties of accounting income in four East Asian countries, and implications...
  • Ball, R. y Shivakumar, L. (2005). Earnings quality in UK private firms: Comparative loss recognition timeliness. Journal of Accounting and...
  • Barth, M.E., Landsman, W.R., Lang, M. y Williams, C. (2007), Accounting quality: International Accounting Standards and US GAAP, Working paper,...
  • Barth, M. E., Landsman, W. R. y Lang, M. H. (2008). International accounting standards and accounting quality. Journal of Accounting Research,...
  • Bartov, E., Goldberg, S. R. y Kim, M. (2005). Comparative value relevance among German, U.S. and International Accounting Standards: A German...
  • Bilgic, F. y Ibis, C. (2013). Effects of new financial reporting standards on value relevance - A study about Turkish stock markets. International...
  • Burgstahler, D., Hail, L. y Leuz, C. (2006). The importance of reporting incentives: Earnings management in European private and public firms....
  • Cameran, M., Campa, D. y Pettinicchio, A. (2014). IFRS Adoption among private companies: Impact on earnings quality. Journal of Accounting,...
  • Chen, H., Tang, Q., Jiang, Y. y Lin, Z. (2010). The role of international financial reporting standards in accounting quality: Evidence from...
  • Davis-Friday, P. Y. y Gordon, E. A. (2002). The effect of macroeconomic changes on the value relevance of accounting information: The case...
  • Davis-Friday, P. Y. y Rivera, J. M. (2000). Inflation accounting and 20-F disclosures: Evidence from Mexico. Accounting Horizons, 14(2), 113–135....
  • Daske, H., Hail, L., Leuz, C. y Verdi, R. (2007). Adopting a label: Heterogeneity in the economic consequences of IFRS adoptions. In Working...
  • Daske, H., Hail, L., Leuz, C. y Verdi, R. (2008). Mandatory IFRS reporting around the world: Early evidence on the economic consequences....
  • Dechow, P. M., Ge, W. y Schrand, K. (2010). Understanding earnings quality: A review of the proxies, their determinants and their consequences....
  • Dechow, P. M. y Schrand, K. (2004). Earnings quality. Charlotteville, VA: Research Foundation Publications.
  • Dorantes, C. (2013). The relevance of using accounting fundamentalsin the Mexican stock market. Journal of Economics, Finance and Administrative...
  • Dumitru, G. (2011). The accounting information quality concept. Journal of Academic Research in Economics, 3(3), 559–569.
  • Fama, E.(1970). Efficient capital markets: A review oftheory and empirical work. The Journal of Finance, 25(2), 383–417. http://dx.doi.org/10.2307/2325486
  • Francis, J., LaFond, R., Olsson, P. M. y Schipper, K. (2004). Costs of equity and earnings attributes. The Accounting Review, 79(4), 967–1010....
  • Hribar, P., Kravel, T. y Wilson, R. (2014). A new measure of accounting quality. Review of Accounting Studies, 19, 506–538. http://dx.doi.org/10.1007/s11142-013-9253-8
  • Hung, M. y Subramanyam, K. (2007). Financial statement effects of adopting international accounting standards: The case of Germany. Review...
  • Jarva, H. y Lantto, A.-M. (2012). The information content of IFRS versus domestic accounting standards: Evidence from Finland. The Finnish...
  • Kargın, S. (2013). The impact of IFRS on the value relevance of accounting information: Evidence from Turkish firms. International Journal...
  • Khan, M. y Watts, R. L. (2009). Estimation and empirical properties of a firm-year measure of accounting conservatism. Journal of Accounting...
  • Kothari, S. P. y Zimmerman,J. L. (1995). Price and return models. Journal of Accounting and Economics, 20(2), 155–192. http://dx.doi.org/10.1016/0165-4101(95)00399-4
  • Lang, M., Smith Raedy, J. y Wilson, W. (2006). Earnings management and cross listing: Are reconciled earnings comparable to US earnings? Journal...
  • Mohan, N. y John, F. (2011). Value relevance of accounting information - An Indian perspective. Journal of Finance, Accounting and Management,...
  • Morais, A. I. y Curto, D. J. (2008). Accounting quality and the adoption of IASB standards. Portuguese evidence. Revista Contabilidade and...
  • Nair, R. D. y Frank, W. G. (1980). The impact of disclosure and measurement practices on international accounting classifications. The Accounting...
  • Nikolaev, V. V. (2010). Debt covenants and accounting conservatism. Journal of Accounting Research, 48(1), 51–89. http://dx.doi.org/10.1111/j.1475-679x.2009.00359.x
  • Ohlson, J. A. (1995). Earnings, book values, and dividends in equity valuation. Contemporary Accounting Research, 11(2), 661–687. http://dx.doi.org/10.1111/j.1911-3846.1995.tb00461.x
  • Paananen, M. y Lin, H. (2009). the development of accounting quality of IAS and IFRS over time: The case of Germany. Journal of International...
  • Penman, S. y Zhang, X. (2002). Accounting conservatism, the quality of earnings, and stock returns,. The Accounting Review, 77(2), 237–264....
  • Rawashdeh, M. (2003). Effects of introducing international accounting standards on Amman stock exchange. Journal of American Academy of Business,...
  • Schipper, K. (2003). Principles-based accounting standards. Accounting Horizons, 17, 61–72. http://dx.doi.org/10.2308/ acch.2003.17.1.61
  • Standifird, S. S. y Weinstein, M. (2002). Establishing legitimacy in emerging markets: An empirical comparison of the Warsaw, Budapest, and...
  • Tsalavoutas, I., André, P. y Evans, L. (2010). Transition to IFRS and value relevance in a small but developed market: A look at Greek evidence,...
  • Watts, R. L. (2003). Conservatism in accounting. Part II: Evidence and research opportunities. Accounting Horizons, 17(4), 287–301. http://dx.doi.org/10.2308/acch.2003.17.4.287